Nifty Outlook for Sep Series

By | August 27, 2015

FII

  • August Series Nifty corrected 5.8 % was worst series after Aug 2013 when Nifty corrected 8.8%.Nifty and Bank Nifty Bat pattern continue to show the effect as market has recovered 281 points from the low. 8032 is 38.2% retracement 8045 is gann 1×1 line and 8065 is pyrapoint resistance needs to be watched tomorrow.Strong support near 7900/7880 zone.

NIFTY - Gann Box

NIFTY - Pyrapoint

  • Nifty September Future Open Interest Volume is at 2.10  core with addition of 43 Lakh,Rollover stand at 65 % and avg cost of rollover @ 7998.
  • Total Future & Option trading volume was   at 5 Lakh core with total contract traded at 7  lakh . PCR @0.98.
  • 8200  CE  OI at 22 lakh , wall of resistance @ 8200 .7800/8200 CE added 16.2  lakh in OI so bears added position today in 7900/ 8000  CE. 
  • 7800 PE OI@ 36.4  lakhs  strong base @ 7800.  7900/8200 PE  added 23  lakh so major addition was seen in 7800/7900 PE bulls making strong ground with start of series.

 

Buy above 7990 Tgt 8026,8045 and 8088 (Nifty Spot Levels)

Sell below 7920 Tgt 7900,7888 and 7850 (Nifty Spot Levels)

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7 thoughts on “Nifty Outlook for Sep Series

  1. Chirag

    Hello

    could you kindly suggest some books on nifty for beginners ?

  2. Bramesh Post author

    I use gap theory which is covered in my trading course.

    Rgds,
    Bramesh

  3. kumarv2000

    When gap up occurs like today, we are not able to trade since it never comes back to your entry point. Is there any strategy when huge gap ups or gap down occur?

  4. SARANSH

    HELLO BRAMESH,

    I HAVE ONE QUESTION YOU SAID ROLLOVER STAND AT 5 HOW DO YOU CALCULATE THAT NUMBER.. PLEASE HELP

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